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Which of the following about global FX markets is NOT correct? Trading in FX is conducted using telephones and computer based technological systems New York

Which of the following about global FX markets is NOT correct? Trading in FX is conducted using telephones and computer based technological systems New York is the largest FX market The Bank for International Settlements estimates turnover in excess of USD 4000 billion A free float FX regime is one where the exchange rate moves according to the forces of supply and demand

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